Chugai Mining Co.,Ltd., First Half Ordinary Profit Increases by 2.7 times, July-September Ordinary Profit Increases by 5.2 times

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Tue Nov 12, 2024 4:00 pm JST Earnings

1491 Chugai Mining Co.,Ltd. 【J-GAAP】

Earnings Report

Chugai Mining Co.,Ltd. <1491> [TSE-S] announced its financial results after the market closed on November 12th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 2.7 times that of the same period last year, reaching 624 million yen. The progress rate against the 990 million yen full-year plan was 63.0%, also surpassing the five-year average of 51.7%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to surge by 16 times that of the same period last year, reaching 366 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 5.2 times that of the same period last year, reaching 254 million yen. The operating profit margin improved from 0.2% in the same period last year to 0.9%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	42,973	371	338	134	0.5	52.2	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	51,087	240	228	221	0.8	90.8	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	71,351	676	624	811	2.8	63.0	Nov 12, 2024	J-GAAP
YoY	+39.7%	+181.7%	+173.7%	+267.0%	+264.9%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	71,351	676	624	811	2.8	0.50	Nov 11, 2024	J-GAAP
Apr - Sep, 2024 Results	71,351	676	624	811	2.8	0.50	Nov 12, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	62,671	123	23	-3	0.0	0	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	80,649	504	366	359	1.3	－	Nov 11, 2024	J-GAAP
YoY	+28.7%	+309.8%	+1,491.3%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	84,822	794	648	398	1.4	0.50	May 12, 2023	J-GAAP
Mar, 2024	113,758	363	251	218	0.8	0.50	May 14, 2024	J-GAAP
Mar, 2025 Guidance	152,000	1,180	990	1,170	4.1	－	Nov 11, 2024	J-GAAP
YoY	+33.6%	+225.1%	+294.4%	+436.7%	+434.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	25,328	43	49	45	0.2	0.2	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	32,952	41	10	8	0.0	0.1	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	29,719	82	13	-11	0.0	0.3	May 14, 2024	J-GAAP
Apr - Jun, 2024	38,368	380	370	364	1.3	1.0	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	32,983	296	254	447	1.6	0.9	Nov 12, 2024	J-GAAP
YoY	+30.2%	+588.4%	+418.4%	+893.3%	+868.8%